Mercia's Northern VCTs raise record £80.0million

Mercia Asset Management PLC

("Mercia", the "Group" or the "Company")

Mercia's Northern VCTs raise record £80.0million

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with over £2.0billion of assets under management ("AuM"), is pleased to note that the three Northern Venture Capital Trusts ("Northern VCTs"), which form part of Mercia's third-party funds under Management ("FuM"), have successfully completed their expanded fund raise totalling £80.0million of new capital, through share offers launched in September 2025.

The Northern VCTs comprise Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC. Following an initial allotment in November 2025, they each expect to allot the remaining new shares on or around 2 April 2026.

Mark Payton, Chief Executive Officer of Mercia, commented: "I am delighted that the Northern VCTs have achieved a record fund raise in the context of a more challenging fund raising environment. The successful £80.0million fund raise is another example of how Mercia is scaling its broad range of investment capabilities across venture, development capital and property finance. It also underscores the trust that Mercia has built in managing the Northern VCTs, which remain a vital source of investment for SMEs throughout the UK, whilst they navigate the current economic climate."